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Political/commercial background

机译：政治/商业背景

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A left-wing minority government-comprising the centre-left Spanish Socialist Workers' Party (PSOE) and the far-left Unidas Podemos-has been in office since January 2020. The Economist Intelligence Unit expects the administration to last until the end of its term in 2023. The right-wing opposition remains in a state of flux, and there is currently no credible alternative to a left-wing government. However, policymaking will be difficult. Pedro Sanchez, the PSOE prime minister, does not command a working majority in parliament, meaning that he needs the support of external parties. The political alliance that allowed Mr Sanchez's investiture in January 2020-a small group of regionalist parties-is a fragile one. In particular, the support of the separatist Catalan Republican Left (ERC) is far from guaranteed. The ERC has adopted a more accommodative stance since the Catalonia crisis in 2017, but it continues to seek further regional policy concessions. Risks to political stability have greatly diminished with the approval of the 2021 budget in December 2020, which was a crucial test for the ruling coalition. In addition, limiting the economic fallout from the coronavirus (Covid-19) pandemic will remain the government's short-term priority. However, a potential increase in tensions within the ruling coalition is a source of risk.
机译：少数左翼government-comprising中间偏左的西班牙社会主义工人党(PSOE)和极左Unidas Podemos-has2020年1月以来在办公室。智库预计政府最后直到2023年结束其任期。右翼反对派仍在摇摆不定的状态,,目前还没有可靠的替代方案一个左翼政府。将会很困难。部长不命令多数工作议会,这意味着他需要的支持外部各方。1月份允许桑切斯先生的授权仪式2020 -一小群地方主义者派对脆弱的人。共和党分裂加泰罗尼亚(ERC)远从保证。加泰罗尼亚危机以来宽松的立场在2017年,但它继续寻求进一步区域政策让步。稳定性大大降低了2021年批准的预算在2020年12月,这是一个关键的测试执政吗联盟。影响冠状病毒(Covid-19)大流行仍将政府的短期优先。然而,增加潜在的紧张关系执政联盟是一个来源的风险。

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